HomeMy WebLinkAboutCity Council Resolution 1987-210CITY OF PLYMOUTB
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota was held on the 23rd day
of March , 1987. The following members were present: Mayor Schneider,
ounce mem ers Crain, Vasiliou and Zitur
x The following members were absent: Councilmember Sisk
Councilmember Zitur introduced the following Resolution and moved
its adoption:
RESOLUTION NO. 87-210
REDUCING DEVELOPMENT BOND
TIMSERTON ADDITION (83054)
WHEREAS, in accordance with the development contract dated December 16, 1983,
Timberton Company, developer of Timberton Addition (83054) has agreed to
install certain improvements for said development; and
WHEREAS, the developer has completed a portion of the street, utility and site
grading as noted below; and
WHEREAS, the developer has requested a reluction of the development bond to
reflect the completed work;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH that the bonding requirements are reduced as follows:
ITEM
ORIGINAL AMOUNT NEW AMOUNT
Street Construction
Sanitary Sewer
Watermain
Storm Sewer
Boulevard and Drainage Swale Sod
Pond or Ditch Construction
Street Signs (Pd. 1-2-85 Receipt #560)
Street Sweeping and Storm Sewer Cleaning
Park and Trail Improvements
Site Grading and Drainage Improvements
Maintenance of Erosion and
Sediment Control Plan
Design, Administration, Inspection, As-Builts
TOTAL
$ 38,400
$ -0-
55,050
-0-
57,170
-0-
33,790
-0-
8,000
1,000
1,000
1,000
300
-0-
2,500
1,500
-0-
-0-
22,000
-0-
2,000
1,000
26,425
100
$246,635 $ 4,600
Thet the letter of credit required be reduced from $29,054 to $4,600 to reflect
the completed work.
FURTHER BE IT RESOLVED that the street construction and concrete curb and
gutter was previously accepted as of November 18, 1985, and the sanitary sewer,
watermain and storm sewer construction was previously accepted as of November
4, 1985 for continual maintenance subject to the one year guarantee by the
developer. The one year guarantee has now expired and the 10% reEainer that
was provided in lieu of the required maintenance bond is hereby released.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Crain , and upon vote being taken thereon, the
following voted in favor thereof: Mayor Schneider, Councilmembers Crain,
Vasiliou and Zitur
The following voted against or abstained: none
Whereupon the Resolution was declared duly passed and adopted.